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WSJ What’s News

Biden Seeks to Trump-Proof His Agenda

WSJ What’s News

The Wall Street Journal

Daily News, News

4.14.2K Ratings

🗓️ 3 May 2024

⏱️ 13 minutes

🧾️ Download transcript

Summary

P.M. Edition for May 3. When Donald Trump was president, he used a 1996 law, the Congressional Review Act, to undo many of the regulations enacted by his predecessor. Now, President Biden is rushing to cement his legacy ahead of a likely rematch with Trump in November. Domestic policy correspondent Andrew Restuccia explains. And U.S. hiring slowed in April, boosting hopes for a late-summer rate cut. Plus, reporter Stu Woo explains why the U.S. is worried about China’s mission to the far side of the moon. Annmarie Fertoli hosts. Listening on Google Podcasts? Here's our guide for switching to a different podcast player. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Is crypto perfect? Nope, but neither was email when it was invented in 1972 and yet

0:06.3

today we send 347 billion emails every single day.

0:12.0

crypto is no different.

0:13.3

It's new, but like email, it's also revolutionary.

0:17.3

With Krakin, it's easy to start your crypto journey with 24-7 support when you need it.

0:22.4

Go to Krakin.com and see what crypto can be. with 24-7 support when you need it.

0:22.6

Go to Krakin.com and see what crypto can be.

0:25.2

Don't invest unless you're prepared to lose all the money you invest.

0:27.2

This is a high-risk investment and you should not expect to be protected if something goes wrong.

0:30.0

The US hiring slowed last month, raising hopes of a late summer rate cut.

0:37.3

And President Biden is rushing to Trump proof his agenda.

0:41.3

If President Trump does win re-election.

0:43.0

I'm told by people close to him that he's going to do everything in his power

0:47.0

to very quickly overturn as many regulations as possible.

0:50.0

Plus, why the US is worried about China's mission to the far side of the moon.

0:55.0

It's Friday, May 3rd.

0:56.4

I'm Anne-Marie Fertoli for the Wall Street Journal.

0:58.7

This is the PM edition of What's News, the top headlines and business stories that moved the world today?

1:04.0

U.S. hiring slowed last month with employers adding 175,000 jobs to the economy.

1:15.5

The unemployment rate ticked up to 3.9%.

1:18.8

The report coming on the heels of this week's Federal Reserve meeting is boosting hopes of a late summer

1:23.4

interest rate cut. Reporter David Huberti has more. So this is the type of data the

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